ChiniMandi, Mumbai: 05th Mar 2025
Domestic Market
Domestic sugar prices were stable
Domestic sugar prices in the major markets of Karnataka, Maharashtra, and Uttar Pradesh were stable. However, ex-mill prices increased slightly, while resale quotes remained stable. According to market sources, demand is expected to be weak, weighing on resale prices. As sugar production decreases, ex-mill prices remain stable.
According to reports, sugar for export is selling for around Rs 44,000 per MT, with prices rising at a reasonable contract rate. London whites in the most active contract are quoted at $539 per MT, with low-quality whites priced at par until $475 per MT. M-grade sugar in Muzaffarnagar ranges between Rs 4,060 and Rs 4,120 per quintal, while S-grade sugar in Kolhapur costs between Rs 3,770 and Rs 3,840.
Ex-mill Sugar Prices as on Mar, 05 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3755 to 3765 |
₹3815 to 3875 |
|
South Karnataka |
₹3975 to 4000 |
₹4025 to 4050 |
|
Uttar Pradesh |
|
₹4040 to 4100 |
|
Gujarat |
₹3871 to 3901 |
₹3971 to 4001 |
|
Tamil Nadu |
₹4050 to 4200 |
₹4110 to 4250 |
|
Madhya Pradesh |
₹4065 to 4085 |
₹4135 to 4155 |
|
Punjab |
₹4110 to 4181 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Mar, 05 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,326.00 |
|
Kanpur |
M/30 |
₹4,273.50 |
|
Kolhapur |
M/30 |
₹4,095.00 |
|
Kolkata |
M/30 |
₹4,410.00 |
|
Muzaffarnagar |
M/30 |
₹4,268.25 |
|
Ahmedabad |
M/30 |
₹4,210.50 |
|
Bangaluru |
M/30 |
₹4,263.00 |
|
Chennai |
M/30 |
₹4,378.50 |
At the time of writing this update London White Sugar #5 front month contract is trading at $523.50 ton, whereas the New York Sugar #11 front month contract is trading at 19.51c/lb. The corn futures market trades at 440-0 and the ethanol Chicago trades at 1.68214s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 87.066 whereas USD was trading with BRL at 5.8482 Crude WTI traded at $66.96 barrel. Sensex closed 740.30 points up at 73,730.23 whereas Nifty closed 254.65 points higher at 22,337.30.
News Round-Up
102 sugar mills in Maharashtra conclude crushing operations for 2024-25 season
102 sugar mills in Maharashtra conclude crushing operations for 2024-25 season
Maharashtra will meet the target to supply 121 crore litres of ethanol by sugar mills to OMCs for ESY 2024-25: Governor
Karnataka government to establish biodiesel retail outlets across state to encourage use of green fuel: Report
